Finance
We found this report, dated October 21, interesting from Zacks Equity Research. Here’s an interesting couple of lines from the report. . .”SCI is likely to display year-over-year declines in the top and bottom lines, when it reports third-quarter 2021 numbers on Oct 27. The Zacks Consensus Estimate for revenues is pegged at $800 million,…
Read More
On Friday the Dow Jones Industrial Average (DJIA) set a new record high by closing at 35,677. On January 1, 2021, the DJIA stood at 30,606 so that high on Friday indicates a 16.6% increase year to date for 2021. That’s pretty impressive. . . . and the NASDAQ closed Friday up 19.1% year to…
Read More
Toronto-based Park Lawn Corporation, a funeral home and cemetery owner and operator, announced in this press release last week that it had acquired three businesses which constitute an addition of six stand-alone funeral homes, one stand-alone cemetery, three combination funeral home/cemetery properties, and five event centers. All businesses are located in their growing North Carolina…
Read More
Wilbert Funeral Services, Inc. announced last week that they had acquired certain assets of the Continental Casket Company of Watseka, Illinois. According to a press release received by Funeral Director Daily, “Continental is a regional distributor of metal and wood caskets with three warehouses serving funeral professionals in Illinois and areas of Indiana, Iowa, Kentucky,…
Read More
Recently we found this article written by Daniel Jones for Seeking Alpha. In the article he brings out the pros and cons of an investment in Service Corporation International. One question that he asked in the article when considering that Service Corporation International has greatly increased its gross revenues is this, “On its face, all…
Read More
Editor’s Note: A recent article that we published on the increasing United States death rate brought commentary from Jake Johnson of Funeral Director Daily sponsor Johnson Consulting Group. Here’s Jake’s take on what increasing death rates may mean to your funeral home: A recent article by Funeral Director Daily was published on the national death…
Read More
A relatively new death tech app, Empathy, recently raised $30 million in Series A funding according to this article from Tech Crunch. The product is designed to help bereaving families navigate the choppy waters that result when a family member or someone close to them dies. “Empathy is a customer-centric company with compassion at our…
Read More
It was announced last Friday that Park Lawn Corporation had acquired the Malcolm, Deavitt & Binhammer Funeral Home Limited. The one building standalone funeral home is located in Pembroke, Ontario. The funeral home, according to this press release from Park Lawn Corporation, “performs approximately 153 calls per year.” Here’s what J. Bradley Green, Chief Executive…
Read More
As you can see from this Yahoo Finance article, Axar Capital Management has sent StoneMor Inc. a letter expressing “an interest in pursuing discussions concerning strategic alternatives that may be beneficial to the Company and its various stakeholders.” As you may know, and according to E-Trade, Axar Capital Management currently owns 88.6 million of the 118…
Read More
In today’s Afternoon Edition we bring you some items of interest from our friends at Johnson Consulting Group, Clifton Larson Allen, and the National Funeral Directors Association. From Johnson Consulting it is things to know about taxes. . . From CLA it is how you can turn challenges into opportunities. . .and from our friends…
Read More
